Recently, the domestic raw material spot market has undergone a weak consolidation. Among them, the spot market for imported ore was operating smoothly, the iron powder market continued to rise locally, the billet market remained stable and weak, the coke market remained weak, and the shipping market rebounded slightly.
Specifically, today's imported iron ore market has steadily increased, and the external disk market has risen slightly. The domestic ports' spot market price has remained stable. On the first trading day after the holiday, the market was mostly wait-and-see, and the enquiries were sluggish. The momentum of the market was still there, but the overall turnover was slower than before.
In domestic mines, the domestic iron powder market as a whole is operating steadily and prices in some regions continue to rise slightly. Among them, the price of iron powder continued to increase in Hebei and Liaodong, and Tangshan iron powder rose by RMB 20/t. At present, the iron powder market is mostly waiting to see more, and the willingness of the mining plant to start construction is not strong, and the market is in a stronger mood.
“The domestic steel billet market is generally stable today, with a small portion of market prices falling slightly.†According to CEO Luo Baihui, due to relatively light market transactions, billet prices in Tangshan fell by RMB 10/t during the holiday period. Affected by this, billet prices in markets such as Tianjin, Henan, Shanxi, and Wuan fell again, falling by RMB 10-50/ton, and the remaining markets remained stable. Tangshan billet prices were temporarily stable in the afternoon.
Today's domestic coke spot market remained weak, with individual market prices falling slightly and port prices temporarily stable. Among them, Shenhua secondary metallurgical coke lowered 50 yuan / ton; the current trend of the steel market is still not optimistic, some steel mills once again cut the purchase price of coke, which, Jincheng Fusheng Iron and Steel and metallurgical coke Linyi purchase price cuts in the range of 50-70 yuan /Ton. The coke market transactions weakened, and some coke enterprises continued to increase their coke inventories. The large-scale coke enterprises that had not previously restricted production in some areas had started to limit production by 20% in mid-June.
Today's domestic scrap market is mainly stable, with individual markets rising slightly. Among them, due to tight resources in the Dalian market, prices continue to rise slightly 30 yuan / ton. The steel market remains sluggish, and the scrap market as a whole is generally trading. The prices of other raw materials such as steel-making pig iron and other market prices remained stable, and the turnover was sluggish.
In terms of shipping, the shipping market rebounded slightly on the 22nd, of which, the freight rate from Brazil to China rose by 17.44 to 17.348, and from West Australia to China by 6.595, up by 0.045. At the same time, due to the slowdown in shipping activities, the BDI index was unchanged at 978 points on Friday and rose 4% this week.
Specifically, today's imported iron ore market has steadily increased, and the external disk market has risen slightly. The domestic ports' spot market price has remained stable. On the first trading day after the holiday, the market was mostly wait-and-see, and the enquiries were sluggish. The momentum of the market was still there, but the overall turnover was slower than before.
In domestic mines, the domestic iron powder market as a whole is operating steadily and prices in some regions continue to rise slightly. Among them, the price of iron powder continued to increase in Hebei and Liaodong, and Tangshan iron powder rose by RMB 20/t. At present, the iron powder market is mostly waiting to see more, and the willingness of the mining plant to start construction is not strong, and the market is in a stronger mood.
“The domestic steel billet market is generally stable today, with a small portion of market prices falling slightly.†According to CEO Luo Baihui, due to relatively light market transactions, billet prices in Tangshan fell by RMB 10/t during the holiday period. Affected by this, billet prices in markets such as Tianjin, Henan, Shanxi, and Wuan fell again, falling by RMB 10-50/ton, and the remaining markets remained stable. Tangshan billet prices were temporarily stable in the afternoon.
Today's domestic coke spot market remained weak, with individual market prices falling slightly and port prices temporarily stable. Among them, Shenhua secondary metallurgical coke lowered 50 yuan / ton; the current trend of the steel market is still not optimistic, some steel mills once again cut the purchase price of coke, which, Jincheng Fusheng Iron and Steel and metallurgical coke Linyi purchase price cuts in the range of 50-70 yuan /Ton. The coke market transactions weakened, and some coke enterprises continued to increase their coke inventories. The large-scale coke enterprises that had not previously restricted production in some areas had started to limit production by 20% in mid-June.
Today's domestic scrap market is mainly stable, with individual markets rising slightly. Among them, due to tight resources in the Dalian market, prices continue to rise slightly 30 yuan / ton. The steel market remains sluggish, and the scrap market as a whole is generally trading. The prices of other raw materials such as steel-making pig iron and other market prices remained stable, and the turnover was sluggish.
In terms of shipping, the shipping market rebounded slightly on the 22nd, of which, the freight rate from Brazil to China rose by 17.44 to 17.348, and from West Australia to China by 6.595, up by 0.045. At the same time, due to the slowdown in shipping activities, the BDI index was unchanged at 978 points on Friday and rose 4% this week.
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